TL;DR:
- SUI is one of the few blockchains integrated by Erebor Bank, N.A., a U.S. national bank built for the innovation economy.
- Stablecoin deposits and withdrawals on the network are already available to Erebor customers.
- Since August last year, the network processed over $1 trillion in stablecoin transfer volume.
Sui became one of the few blockchains integrated by Erebor Bank, N.A., a United States national bank built from scratch for the digital economy. The integration will connect regulated banking infrastructure with the network’s onchain payment rails, and will offer stablecoin deposits and withdrawals immediately to the bank’s customers.
Erebor received approval for its national charter from the Office of the Comptroller of the Currency (OCC), placing it among the few new banks created in the era of digital finance in the United States. Unlike traditional institutions that layer digital asset services on top of legacy systems, Erebor developed its own banking core to support modern transaction patterns, including blockchain-enabled settlement.
SUI is a Bridge Between Onchain Capital and Traditional Finance
For developers building on Sui, this integration is a powerful connectivity tool between capital on crypto rails and conventional financial tools such as treasury management, lending, and settlement. Erebor will transform Sui’s onchain assets into a viable engine for building a global economy that combines the crypto ecosystem with the traditional financial system.
Sui was designed by the team behind Meta‘s stablecoin efforts, the Libra and Diem projects. Its object-based architecture makes assets, permissions, and data programmable and directly held under onchain custody. Since August last year, the network processed over $1 trillion in stablecoin transfer volume, a key indicator of its sustained growth in global payment flows.
“Modern finance should work all the time, be global by default, and be programmable — just as the internet has been for decades,” stated Adeniyi Abiodun, Chief Product Officer and co-founder of Mysten Labs, the protocol’s original contributor. Abiodun emphasized that Sui was built so that money moves with the same freedom as messages.
